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Winter Garden

3rd QTR 2023

Welcome to the most comprehensive Winter Garden Real Estate Market report on the internet, produced by the number 1 Realtor in Winter Garden Closed Sales History, and of course #1 Remax Realtor in State last 6 years..
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You will not find this type of analysis of the Winter Garden real estate market anywhere else on the planet !

Let’s get into it:

3rd Quarter 2023 Winter Garden Highlights

672,407

Average Sale Price
7
Increase

32

Average Days on Market
40
Increase

268.01

ave $/ft
3
Increase

2023 3rd Quarter Winter Garden 34787

2022 3rd Quarter Winter Garden 34787

I have been publishing these Winter Garden quarterly reports for over 2 decades. Before the 429 expressway was built, the Winter Garden Village was even a dream, and you could build a brand-new home in Stoneybrook West for a little over 100k! I firmly believe that knowledge is power.

Let’s dive right into it… what a great surprise in this 3rd Qtr data, considering the 2nd Quarter 2023 data had a 1% retraction and an average sale price of $626,000. Winter Gardens real estate market bounced right off that matt ready to go without even taking the standing 8 count.

Well, let’s not pat ourselves on the back too quickly. Many are avid readers of this report to get into the reality the data represents and help add some clarity through market trends.

Prices spike because we had one heck of a quarter with an almost 10% spike in MEDIAN sale price. The main reason for this was a handful of great closings. We embraced a record 4.3m sale, 3 2m sales, and 48, yes 48 closed sales of 1m price tag! These much higher priced closings than in the 2022 3rd quarter skew this metric data and have to be mentioned.

With this said, this is still incredible news. The average $/ft continued to rise to $268/ ft . Any upward tick here is always great for the real estate market… remember as prices go up every % point is even harder to acquire the next % point.

Days on market have increased 40% but it was next to impossible to expect the 19 day average on 2022 to be sustainable… 32 day average is still incredible, lets be honest here.

Lets dive into what really matters and the only place on the internet to even get this data

Single Family Market
Lets dive into what really matters and the only place on the internet to even get this data , the single-family market

3rd Quarter 2023 Winter Garden Single-Family Housing Market

737,794

Average Sale Price
8
Increase

33

Average Days on Market
42
Increase

273.31

ave $/ft
4
Increase

2023 3rd Qtr Winter Garden Single Family

2022 3rd Qtr Winter Garden Single Family

Single family sales continue to boom on the MLS data even with all the new home communities sprouting up all over Horizons West.  It is important to remember that the MLS is just one sector of our overall market. New Home sales are truly enfuego with more new home choices in 34787 than I can ever recall at one time. All selling every lot they release and each release raising their base prices. A massive portion of these sales close and are not entered into our MLS system.
It was a great sign to see that over 4m closing in Isle of Lake Hancock this quarter, that is the THIRD closing in 2023 over 4m in our 34787 !!! We have a 3m , 6 2m and 115 that closed over $1 million !!!
Flying past 700k closed average sale price is quite an achievement and benchmark as well in the 3rd Qtr , an 8% spike from 3rd quarter 2002.

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